Overnight Policy Rate Maintained

The Reserve Bank of Fiji (RBF) Board has maintained the overnight policy rate at 0.25 per cent.

Governor and chairman of the Board, Ariff Ali, said, “the International Monetary Fund’s recent downgrade of the global growth forecast for 2023 revealed the emergence of economic fragilities, which, when coupled with persistent inflation dampened domestic development prospects.”

Domestically, some sectoral indicators under observation reflected softer performance in the recent month, he said.

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Story By: Frederica Elbourne

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